Swindon Property is proud to present an exciting and extensive property portfolio by silent tender consisting of commercial, retail, and industrial investment buildings, development opportunities as well as storage units all located throughout Cape Town.
The portfolio is focused on creative re-development and investment opportunities in the commercial space with an original focus on Cape Town CBD, creating the ‘Long Street’ node and later expanding into the up-and-coming areas of Salt River and Woodstock.
Consisting of 16 properties, 2 of the opportunities are development sites (Lester Road, Wynberg and 80 Albert Road, Woodstock). One of the properties is a multitude of storage units that can be acquired as a whole or individually. The balance of the portfolio is made up of commercial or retail and industrial investment buildings:
44 Long Street is located on the corner of Long Street and Hout Street, each with two entrances. Immediately surrounding the property are several backpackers, restaurants, banks, dance clubs and bars, which are mostly situated in older and historical dwellings. Greenmarket Square is also located within the immediate vicinity. The property comprises a combination of retail spaces and offices spread over 3 floors which are fully let. It also has a large theatre space with a double volume ceiling. Additions include floor to ceiling internal partitioning, a glass lift and modern ablutions and lighting. Overall, the building offers ample lighting and split air-conditioning units on the first and second floor. The property is in an excellent condition and offers good quality finishes and fittings throughout whilst preserving its historical charm.
Features:
Land size: 537m2
Floor size: 1 775m2
Building height: 60m
Zoning: Commercial
Exterior: Security (No)
70 Loop Street is located on the corner of Loop Street and Hout Street, with great exposure to passing traffic. The double-storey property comprises of retail on the ground floor with office space and a night club above. At present, the first and mezzanine floors are occupied by a nightclub tenant. The ground floor has fairly large front windows and it is divided into two rental units. The building has character, and it is generally in a good condition with a painted brick external structure and timber window frames, under a pitched metal roof. Internal finishes are generally suspended timber floors with ceramic tiles and concrete in places, plastered brick walls and concrete or timber ceilings. Large extractor fans are noted with soundproofing on the first and mezzanine floor.
Features:
Land size: 217m2
Floor size: 460m2
Zoning: Mixed-use
Exterior: Security (No)
134 Long Street has a single entrance on Long Street and the property comprises of a boutique hotel with 13 rooms over 3 floors, starting with the first floor. The first floor comprises of a reception area, kitchenette, balcony, and lounge area with 3 bedrooms as well as a small courtyard with additional seating space. The second and third floors each comprise of 5 rooms as well as service rooms (back of house). All rooms have a unique theme. There are split air-conditioning units and adequate lighting throughout the property. The rooms facing Long Street still have double glazed aluminium windows. Refurbished in 2005 and repainted in 2020, the property is in a good condition and comes across as a ‘quirky’ and trendy hotel which is also suitable for backpackers because of the offering and size of the rooms. The opportunity exists to either take over the business with the property as a vacant purchase, alternatively to purchase as a going concern with a lease in place. The sale includes the first to third floors only – the ground floor is separately owned.
Features:
Land size: 379m2
Floor size: 379m2
Building height: 60m
Zoning: Commercial
Exterior: Security (No)
188 – 196 Long Street is a beautiful heritage building comprising of 4 retail spaces on the ground floor with one large retail area on the first floor and a large adjoining balcony overlooking Long Street. Every tenant has a separate entrance on Long Street with a back door leading to the communal courtyard where all bathrooms are located. The tenanted retail spaces are neat and well maintained, offering either laminate or tiles flooring throughout with sufficient lighting and built-in cupboards back of house. There are security cameras throughout the first floor as well as a ducted air-conditioning system which is visible (not covered by the ceiling). The property has been occupied by Sgt Peppers for many years.
Features:
Land size: 342m2
Floor size: 610m2
Building height: 60m
Zoning: Commercial
Exterior: Security (No)
9 Green Street comprises of 2 retail floors with a shared courtyard on the ground floor. It is a heritage building but it is believed that Council would approve development on this site. The ground floor has 2 entrances from Green Street with multiple areas that can be used for seating, dancefloors or displaying merchandise. The ground floor is not completely open-plan, and it has large openings separating the various areas. The floors are tiled, and the space has air-conditioning throughout. The walls are plastered and painted, except in one area which shows the historical building materials used. There are 2 bar areas, 1 on each floor. The first floor is like the ground floor in that it offers multiple areas with some doors or large openings, separating them. The first floor offers a combination of tiled and laminated flooring. A single long-term lease is in place.
Features:
Land size: 234m2
Floor size: 329m2
Building height: 38m
Zoning: Mixed-use
Exterior: Security (No)
Parking bays: 2 open parking bays
232 – 236 Long Street comprises of 3 retail spaces on the ground floor with 1 office space in the courtyard. All 4 tenants occupying these spaces have separate entrances from Long Street with back doors to the communal courtyard. The property offers a small communal courtyard with bathrooms. The exterior of the building has been well maintained and it is in a good condition. The bar’s interior seems to be in a good condition. The space offers ample lighting and air-conditioning with good quality fittings and finishes. The central lane is a usufruct 50% between the seller and the neighbour with the neighbour paying for the full use thereof.
Features:
Land size: 212m2
Floor size: 216m2
Building height: 38m
Zoning: Commercial
Exterior: Security (No)
251 – 253 Long Street is a historic dwelling over 3 erven which was originally constructed as a hotel in the late 1960s. Located on the corner of Long Street and Green Street, this iconic restaurant and bar, Kennedys, has been recently upgraded, including additional outdoor seating in the courtyard. With 3 entrances, 2 from Long Street and 1 from Green Street, the ground floor offers 2 bars, 2 seating areas and a lounge while the first floor offers 1 bar with indoor seating areas and lounges, 1 enclosed balcony and 1 outdoor deck seating area. The ground floor and first floor each offer a dance floor and adequate ablution facilities. The property also offers a large kitchen, cold store, and various storerooms. A single long-term lease is in place.
Features:
Land size: 431m2
Floor size: 770m2
Building height: 38m
Zoning: Commercial
Exterior: Security (No)
263 – 271 Long Street comprises of 2 retail areas with tenants on the ground floor and a single tenant operating 5 short-term rental apartments on the first floor. The first-floor rental space is modern, well maintained and offers a combination of tiled and laminate flooring. The space offers a ducted air-conditioning system with adequate lighting including some pendants and security cameras throughout the first floor. There are 2 cold rooms, and the back of house has tiled floors. The apartments consist of 5 short-term rental units which are popular among backpackers. Four of the apartments are 1-bedroom units and 1 offers 2 bedrooms. There are security gates and cameras at the entrances. The units are partly plastered and painted with the remainder of the walls showing the historical building material. The units have very high ceilings and are in an excellent condition.
Features:
Land size: 357m2
Floor size: 630m2
Building height: 38m
Zoning: Commercial
Exterior: Security (No)
Parking: 1 open parking bay
2 Vredenburg Lane is situated just off Long Street and within walking distance of the Company Gardens and Kloof Street. The adjoining property was developed into a high-rise apartment block. It boasts a well-kept interior with a small façade onto Vredenburg Lane. The property is connected to both 251 Long and 9 Green Street. A single long-term lease is in place.
Features:
Land size: 99m2
Floor size: 100m2
Building height: 25m
Zoning: Mixed-use
Exterior: Security (No)
Parking bays: 4 open parking bays
107 11th Avenue benefits from a corner position with 2 paved yard areas and multiple drive-in access points. The building has a decent ceiling height for stacking and electric fencing on the perimeter. The single long-term tenant is a national timber products manufacturer with a number of branches throughout SA.
Features:
Land size: 2 744m2
Floor size: 1 700m2
Building height: 18m
Zoning: Industrial
Exterior: Security (No)
66 – 68 Albert Road, Woodstock is commonly known as The Woodstock Exchange. It boasts a mix of retail and office accommodation, and it is viewed as a creative hub with multiple tenants from start-ups to corporate. The building is divided into 2 blocks. Block A is located at the front of the site and comprises a 4-storey building with access via the pedestrian entrance off Albert Road or covered parking area on the ground floor of Block B. Block A offers a decked open seating area off which various retail units are located. The property offers a bicycle storage facility for use by tenants as well as shower facilities. A lift provides access to the office floors located above this. The offices are accessible from the central passage located on each floor and offer glass shopfronts. Block B is located at the rear of the site and comprises a 5-storey building. The parking area is accessible via William Street. Located off the parking area is a storage area, generator, CCTV for off-site monitoring and security room. There are also retail units situated on the ground floor of B Block. The offices and retail units offer modern industrial-style finishes, with screed and tiled floors and exposed ceilings. The top 2 floors offer floor to ceiling glass with impeccable views.
Features:
Building name: The Woodstock Exchange
Land size: 4 144m2
Floor size: 13 215m2
Building height: 38m
Zoning: Mixed-use
Exterior: Security (No)
Parking bays: 4 open parking bays
80 Albert Road & 2B Frere Street in Woodstock is currently being used as a parking lot for approximately 80 bays. The plot is level and partly covered with gravel and existing concrete foundations. The property is being sold as a development with all designs and plans to date included.
1-21 Lester Road. The current buildings from 1 to 21 Lester Road consist of a number of smaller operators / tenants with units ranging from 100m2 to 300m2. This size bracket is very popular, and the property enjoys low vacancy rates. The property is being sold as a going concern and is ideally suited as a residential / student housing site. All plans / submissions form part of the sale.
Features:
Land size: 3 607m2
Floor size: 3 552m2
Building height: 25m
Zoning: Mixed-use
Exterior: Security (No)
218 – 224 Long Street comprises of 2 retail areas on the ground floor with 1 large retail area on the first floor. There are some un-plastered walls throughout the building which shows the historical building materials as it is a heritage building. The first floor is occupied by SOHO and is currently used as a bar / nightclub. The first floor offers a combination of tiled and laminated flooring with ample lighting and air-conditioning (split units) throughout. The space is neat and well maintained and it is evident that aesthetic upgrades have recently taken place. The fittings and finishes are of a good quality and overall, the space is in a good condition. The two retail areas on the ground floor are occupied by Slug & Lettuce and SOHO (which also occupies the first floor). SOHO has signed a long-term lease for the 1 retail area on the ground floor and did extensive remodelling last year. The area offers high ceilings, tiled flooring, and a ducted air-conditioning system throughout. The area also offers a small kitchen and bathroom with fittings of a good quality. The seller will also cede the application for a large 3rd party signage application through WideOpen that could produce another approx. R50 000 per month for the purchaser.
77 Albert Road consists of 16 sectional title units ranging from 9m2 to 83m2, some are tenanted on short-term leases while others will be vacant on transfer. They can be purchased individually or as a whole. All sections are storage apart from 1 which is a laundry room servicing the residential development Wex 1 with the opportunity to acquire the laundry operation if desired.
Bidders are welcome to offer on individual properties or on multiple.
Contact info@swindon.co.za or call Andrew on +27 (84) 561 6161 / andrew@swindon.co.za for more information.
The sales process:
- Interested parties will be provided with an Information Pack, Process Document, and NDA.
- On signature of the NDA, parties will be provided with access to the full Due Diligence Pack.
- All parties will be afforded until midday on the 14th of December 2022 to conduct their Due Diligence and engage with their financier re any finance requirements.
- Viewings can be arranged with 48hr notice during working hours.
- Unconditional offers are to be submitted on the pre-approved sale agreement by 12 noon on the 14th of December 2022. Bidders need to provide proof of funding.
- The offers will be opened in the presence of the Broker, Seller, and appointed Conveyancer (STBB)
- The winning bidders will be advised of their accepted offer by COB on the 19th of December 2022.
